Bharat Forge Receives ICRA Credit Rating Reaffirmation Across Multiple Facilities

1 min read     Updated on 10 Mar 2026, 06:28 PM
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Reviewed by
Naman SScanX News Team
Overview

Bharat Forge Limited received credit rating reaffirmation from ICRA across multiple facilities, maintaining [ICRA] AA+ (Stable) ratings for long-term facilities and [ICRA] A1+ for short-term facilities. The rating agency reaffirmed ratings for Rs. 125.0 crore non-convertible debentures while withdrawing ratings for Rs. 700.0 crore debentures, reducing the current rated amount to Rs. 0.0 crore. The reaffirmation demonstrates strong creditworthiness and was disclosed in compliance with SEBI regulations on March 10, 2026.

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*this image is generated using AI for illustrative purposes only.

Bharat Forge Limited has received credit rating reaffirmation from ICRA across multiple facilities, demonstrating the company's strong financial position and creditworthiness. The rating agency has maintained its positive assessment while making specific adjustments to certain debt instruments.

Credit Rating Reaffirmation Details

ICRA has reaffirmed Bharat Forge's credit ratings across various facilities, maintaining the [ICRA] AA+ (Stable) rating for several key categories. The reaffirmation covers long-term fund-based facilities, working capital facilities, term loans, unallocated limits, and the company's issuer rating.

Facility Type: Rating Status
Long-term Fund-based/Working Capital: [ICRA] AA+ (Stable); reaffirmed
Long-term/Short-term Fund-based/Term Loans: [ICRA] AA+ (Stable) / [ICRA] A1+; reaffirmed
Non-fund Based Facilities: [ICRA] A1+; reaffirmed
Long-term/Short-term Unallocated Limits: [ICRA] AA+ (Stable) / [ICRA] A1+; reaffirmed
Issuer Rating: [ICRA] AA+ (Stable); reaffirmed

Non-Convertible Debentures Rating Update

The rating agency has made specific changes to the company's non-convertible debentures ratings. While maintaining the [ICRA] AA+ (Stable) rating for Rs. 125.0 crore non-convertible debentures, ICRA has reaffirmed and withdrawn ratings for another tranche of debentures.

Debenture Category: Previous Amount Current Amount Rating Action
NCD Tranche 1: Rs. 125.0 Crore Rs. 125.0 Crore [ICRA] AA+ (Stable); reaffirmed
NCD Tranche 2: Rs. 700.0 Crore Rs. 0.0 Crore [ICRA] AA+ (Stable); reaffirmed and withdrawn

Regulatory Compliance

The company has disclosed this information in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was signed by Tejaswini Chaudhari, Company Secretary and Compliance Officer, and communicated to both BSE Limited and National Stock Exchange of India Limited on March 10, 2026.

The rating reaffirmation reflects ICRA's continued confidence in Bharat Forge's credit profile and financial management capabilities across its diverse business operations.

Historical Stock Returns for Bharat Forge

1 Day5 Days1 Month6 Months1 Year5 Years
-1.08%-1.97%+15.83%+55.89%+72.35%+200.57%

Bharat Forge Limited Schedules Analyst and Institutional Investor Meetings for March 11-12, 2026

1 min read     Updated on 06 Mar 2026, 06:03 PM
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Reviewed by
Ashish TScanX News Team
Overview

Bharat Forge Limited has scheduled analyst and institutional investor meetings for March 11-12, 2026, including virtual and physical sessions with Millennium Management, Fullerton Fund Management, and ICICI Securities. All meetings will be held in Pune, with the company noting that schedules may change and no unpublished price sensitive information will be discussed.

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*this image is generated using AI for illustrative purposes only.

Bharat Forge Limited has announced its schedule for analyst and institutional investor meetings to be held on March 11-12, 2026. The company has formally notified BSE Limited and National Stock Exchange of India Limited about these upcoming interactions as per regulatory requirements under SEBI Listing Regulations.

Meeting Schedule Details

The company has outlined a comprehensive meeting schedule spanning two days, featuring interactions with prominent institutional investors and fund management companies. All meetings are scheduled to take place in Pune.

Date: Investor/Event Meeting Type Venue
March 11, 2026 Millennium Management Virtual (1 x 1) Pune
March 11, 2026 Fullerton Fund Management Physical (1 x 1) Pune
March 12, 2026 ICICI Sec Institutional Investors Meet Physical / Group Meeting Pune

Regulatory Compliance and Disclaimers

The announcement was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Tejaswini Chaudhari signed the notification on March 6, 2026.

Bharat Forge has included important disclaimers regarding the scheduled meetings:

  • Meeting schedules are subject to change due to exigencies, logistical disorders, and last-minute conflicts
  • The company will not discuss any Unpublished Price Sensitive Information during these interactions
  • Changes may occur from either the investor or company side

Meeting Format and Approach

The scheduled interactions include both virtual and physical meeting formats. The company will conduct one-on-one sessions with Millennium Management and Fullerton Fund Management, while the ICICI Securities meeting will be a group format involving multiple institutional investors. This mixed approach allows the company to accommodate different investor preferences and requirements while maintaining effective communication channels with the investment community.

Historical Stock Returns for Bharat Forge

1 Day5 Days1 Month6 Months1 Year5 Years
-1.08%-1.97%+15.83%+55.89%+72.35%+200.57%

More News on Bharat Forge

1 Year Returns:+72.35%